Bank of America has debuted an analytics tool for its CashPro digital banking platform. CashPro Insights, announced Tuesday (Jan. 9), is designed to let the bank’s corporate and commercial clients glean insights that help them make more informed treasury decisions. “In treasury and cash management, data continues to...
Almost 1 in 5, or 23 million, American households welcomed a new furry friend during the pandemic. However, the significance extends beyond the surge in pet adoptions. People are increasingly acknowledging that furry companions occupy a special and cherished place not only in their hearts...
Luxury resale tends to be dominated by consignment platforms. Sites like The RealReal buy designer clothes, bags and jewelry, and then mark the prices to a level that will move the inventory. Or sellers can list their wares on consignment, ultimately netting a percentage of...
Duolingo has cut about 10% of its contractors due to its use of generative artificial intelligence (AI) to create content. The maker of software for learning languages has been shifting tasks from staff to AI tools, Bloomberg reported Monday (Jan. 8). “We just no longer need as many...
Barclays reportedly laid off about 5,000 workers in 2023 as part of a cost-cutting campaign. A spokesperson for the British bank told Reuters Monday (Jan. 8) that most of those cuts happened in Barclays Execution Services, the company’s support unit. “Barclays removed approximately 5,000 headcount globally through...
Maalexi has raised $3 million in a Pre-Series A funding round to continue building its cross-border trade platform for small agribusinesses. The platform connects buyers with sellers worldwide to reinforce the food supply chain and promote food security in the United Arab Emirates (UAE) and...
The 21st century has seen an incredible progression of business capabilities from an innovation standpoint. Taking into account the recent commercialization of artificial intelligence (AI) to a more general and ongoing digital transformation, it’s fair to say that the present landscape is nearly unrecognizable compared...
With grocery brands looking for more personalized, targeted ways to reach shoppers, Instacart is enabling in-store digital marketing with smart cart advertising. The grocery aggregator announced Monday (Jan. 8) that it is pilot testing ads on the screens of its Caper Cart smart shopping carts,...
Sony’s India unit is reportedly ready to cancel its $10 billion merger with Zee Entertainment. The deal, in the works since 2021, is at risk due to an impasse over the question of whether Zee CEO Punit Goenka would lead the new company, Bloomberg News reported Monday (Jan. 8), citing sources...
